Author: NBTC
The largest cryptocurrency could drop to as low as $50,000 in coming weeks as billions of dollars of supply may be released to the market. The prospect of bitcoins from defunct crypto exchange Mt. Gox and the German government hitting exchanges has sent the price plunging 10% in the past seven days. Bitcoin (BTC) traders expect prices to drop to as low as $50,000, a level not seen since mid-February, in the coming weeks, as the largest cryptocurrency by market cap could face billions of dollars worth of selling pressure. BTC prices have nosedived more than 10% in the past…
The Solana meme coin creator who suffered third-degree burns across a large portion of his body this week took to Twitter to confirm that he’s alive—and looking to return to the project in a week. Mikol, as he’s called, got the burns while performing livestreamed stunts to try and pump the price of his token. “We are alive, we have not given up on you,” the dev said from his ICU bed, visibly burnt after being pelted with fireworks. “I’ll probably be here for another three days, but right after that, you’re going to see me right back in Miami.…
Mt. Gox will repay 141,686 BTC in three phases, starting with 71,403 BTC from July to October. The repayment process includes individual creditors, credit funds, and exchanges, with returns up to 100 times the initial investment. Market analysts predict only 50% of repaid BTC will be sold, amounting to 35,700 BTC, likely mitigating severe market impact. Mt. Gox will begin the payment of 141,686 BTC this month. Investors are eagerly awaiting the start of this process and its effect on the market. The payback will occur in three phases, each with its own market effects. MT GOX DUMP FUD 🚨…
HAVAH users can now enjoy native cross-chain asset swaps and borrowing against tokens on Balanced, thanks to ICON’s Cross-Chain Framework. This development marks a significant step in HAVAH’s integration with other blockchains, expanding the horizons for seamless value transfer across integrated chains. @BalancedDAO has launched on @HAVAHofficialGame On! 🚀 HAVAH users can now explore a new horizon of interconnected blockchains with seamless value transferhttps://t.co/hJ2ViTpghk — ICON – Connecting Blockchains 🌐 🔀 (@helloiconworld) July 22, 2024 According to a report from the firm, on July 22, 2024, Balanced officially launched on HAVAH, providing new options for native cross-chain swaps and stablecoin…
Celsius (CEL) led the crypto gainers with massive surges over the past day. The altcoin gained jumped nearly 145% to hover at $1.30 during this writing. Celsius’ 145% surge The altcoin outshined the crypto market as the broad market displayed recoveries. Massive trading volumes and heightened whale activity added to CEL’s upside steam. Celsius saw its trading volume jumping 1,300% within the past day to $10.35 million at press time. The impressive daily performance has outpaced top digital assets like Bitcoin and Ethereum, with their 1.55% & 0.21% daily gains, respectively. Community reacts to CEL’s surges While 30-day inflows indicate…
Unusual trading volumes were detected in several altcoins on Upbit, South Korea’s largest cryptocurrency exchange. The altcoins in question include Tezos (XTZ), Chiliz (CHZ), Theta Fuel (TFUEL), Aave (AAVE) and Wax (WAXP). On the 4-hour chart, Tezos (XTZ) showed a significant increase in trading volume on Upbit. While the average 50 4-hour volume was $79,000, the last recorded volume was $146,000, indicating an increase of 85.39%. However, trading volume on Binance decreased by 59.8%, from an average of $625,000 to $254,000. Chiliz (CHZ) also experienced an increase in trading volume on Upbit. While the average 50 4-hour volume was $9…
Data from crypto analytics firm Arkham has revealed that several governments are holding significant amounts of Bitcoin, totaling approximately $17.8 billion at current market prices. Arkham has highlighted substantial holdings of Bitcoin seized by the United States, United Kingdom, and Germany as a result of criminal cases, while El Salvador has made significant purchases of Bitcoin for its treasury. United States: $12 billion in Bitcoin reserves The United States government holds the largest share of Bitcoin, with an estimated $12 billion worth of Bitcoin in its possession. Much of this cryptocurrency is believed to have been seized in high-profile cases…
Levi, a well-known YouTuber, explores a scenario where holders of just 1,000 XRP tokens could record life-changing gains as XRP and the XRPL grow. In a recent analysis of the XRPL ecosystem’s trajectory, the industry commentator emphasized that the distribution of XRP ownership is surprising and suggests that holding a relatively modest amount of it could lead to significant financial rewards. To drive home this point, he discussed XRP’s supply situation. With 55 billion XRP in circulation of a total supply of 100 billion, understanding how these tokens are distributed among holders is important. His research into the XRPL revealed…
In a recent tweet, OKX, one of the leading cryptocurrency exchanges, hinted at the potential listing of $GRASS. The tweet playfully mentioned that the exchange has finally decided to touch some grass. It suggests that OKX might soon follow Binance in listing this emerging digital asset. Binance had tweeted similarly several times before. I finally decided to touch some grass. pic.twitter.com/ZDNMTqAspl — OKX (@okx) July 21, 2024 $GRASS Still Farming in Epoch 7 $GRASS is still at the farming stage and has not been launched yet. At present, it is in epoch 7 of its farming period. Epoch 7 is…
Bitcoin seizures by law enforcement are nothing new. But there has been a recent shift in how agencies liquidate their seized BTC—and it’s been wreaking havoc on markets. After moving $75 million worth of Bitcoin to exchanges yesterday, the German Bundeskriminalamt has transferred another $84 million worth of Bitcoin just this morning, according to blockchain analytics platform Arkham. At the time of writing, $30 million has already been forwarded on to trading firm Flow Traders. This selling of seized Bitcoin on exchanges—coupled with the impending release of Mt. Gox Bitcoin holdings—has reignited discussions about how governments handle large-scale cryptocurrency liquidations.…